Tuesday, August 13, 2013

South Korea warns of power shortages amid nuclear shut downs

SEOUL (Reuters) - South Korea has warned of serious power shortages this week amid an expected rise in summer temperatures and as the resources-starved country struggles to keep up with demand after six nuclear plants have gone off-line.

The energy ministry said it may take emergency measures such as rolling power cuts to avoid a repeat of 2011 blackouts which cut electricity to businesses and homes across the country.

Separately, the ministry said some major companies, including Kia Motors Corp and Hyundai Motor Co, had not complied with energy saving regulations such as cutting power consumption during peak hours.

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